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French Monetary and Financial Code

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Article L313-50-1 of the French Monetary and Financial Code

November 8, 2023

A representative of the members of the surety guarantee mechanism who are not credit institutions participates with voting rights in the Supervisory Board of the Deposit Guarantee and Resolution Fund, except when the latter takes decisions concerning the deposit guarantee or the investor guarantee. It is elected by these members, each of whom has a number of votes proportional to the outstanding guarantee commitments covered by the guarantee. It is…

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Article L313-50-2 of the French Monetary and Financial Code

November 8, 2023

The Autorité de contrôle prudentiel et de résolution shall determine the method for calculating contributions to the surety guarantee mechanism. These contributions are based on the total guarantee commitments covered by the guarantee. This base takes into account the risk profile of member institutions or companies. The AMF also sets the conditions under which these contributions may be refunded in the event of a downward variation in the base defined…

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Article L313-51 of the French Monetary and Financial Code

November 8, 2023

An order of the Minister for the Economy specifies the terms, deadlines and maximum amount of compensation. In accordance with the terms and conditions laid down in Article L. 313-50 and this Article, the guarantee mechanism shall retroactively assume the guarantee commitments required by a legislative or regulatory text granted by any credit institution or finance company that has been the subject of safeguard or receivership proceedings initiated after 1…

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Article L314-1 of the French Monetary and Financial Code

November 8, 2023

I. – A payment account is an account held in the name of one or more persons and used to carry out payment transactions. II. – The following are payment services 1° Services enabling cash to be paid into a payment account and management of a payment account; 2° Services enabling cash to be withdrawn from a payment account and payment account management transactions; 3° Execution of the following payment…

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Article L314-2 of the French Monetary and Financial Code

November 8, 2023

I. – The provisions of this chapter apply to payment services provided by the payment service providers mentioned in Book V as part of the activities defined in II of Article L. 314-1. II. – The provisions of this chapter apply if the payee’s payment service provider and the payer’s payment service provider are located, one in mainland France, Guadeloupe, French Guyana, Martinique, Reunion Island, Mayotte, Saint-Martin or Saint-Barthélemy, and…

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Article L314-7 of the French Monetary and Financial Code

November 8, 2023

I. – The information provided for in this chapter shall be supplied free of charge to the Payment Service User. II. – The payment service provider and its customer may agree to the provision of additional information, on paper or on another durable medium, to that provided for in this chapter, or to the provision of information more frequently and by means other than those provided for in the deposit…

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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Linkedin

is a Registered Trademark of
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75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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